IWF Visiting Fellow Sabrina Schaeffer has written an op-ed uncovering the drawbacks to the 2008 Farm Bill, What the 2008 Farm Bill Means for American Families. Sabrina says:
Slumping housing prices and ballooning gas and food prices have led many families to put the brakes on spending. Now Congress is set to make things worse for the American consumer by passing a $300 billion Farm Bill that will increase the cost of living for families and further burden taxpayers.
The 2002 Farm Bill was set to expire last October, but after a failure to compromise, Congress extended the bill. Now with the Memorial Day recess looming, Congress is working to pass a new Farm Bill so they can return to their districts, pockets overflowing with goodies for special interests.